Cement News tagged: Corporate
Orascom acquires stake in Algeria’s Samba
Orascom Construction Industries announced that it has acquired a 60% stake in Samba SPA, the largest aggregates producer in Algeria, for a total sum of US$ 8 million.
Shree Cement FY07 net down
Shree Cement Ltd has reported a net profit of Rs 177 crore for the financial year to March 31, 2007 compared with Rs 18.4 crore during the previous fiscal.
Buzzi Unicem benefits from mild winter
Thanks to a mild winter in Europe and higher cement prices in all countries except for Italy, the Czech Republic and Mexico, where prices were stable, Buzzi Unicem’s first quarter turnover incre
Heidelberg lines up banks for possible Hanson takeover
HeidelbergCement has lined up the Royal Bank of Scotland and Deutsche Bank as debt providers ahead of a possible takeover bid
Holcim Romania 2006 gross profit up 41%
The Romanian unit of Holcim reported a 41 per cent annual increase in gross profit in 2006 to 207 mln Romanian lei ($85.39m).
Kieran McGowan succeeds Pat Molloy as Chairman of CRH
On 22 February 2007, the Board of CRH plc announced the planned retirement of its Chairman Mr. Pat Molloy following the May 2007 Annual General Meeting of the Company, and the appointment of Mr. Kiera
China’s Anhui Conch 2007 profit seen at CNY2.3bn
Anhui Conch Cement Co Ltd is expected to post a net profit of about 2.3 bln yuan this year following strong results in the first quarter to March and firmer cement prices, Deutsche Bank said.
Egypt’s Misr Cement Qena Q1 net profit up nine per cent
Egypt’s Misr Cement Qena reported a nine per cent rise in net profit in the three months to the end of March, the stock exchange said on Wednesday.
Adelaide Brighton looks to lime to boost growth
Cement, lime and concrete producer Adelaide Brighton Ltd believes sustained demand for cement and increased lime volumes will underpin its performance in 2007.
Holcim raises stake in ACC
Holcim has raised its stake in India’s top cement manufacturer ACC Ltd by three per cent to nearly 42 per cent by buying shares from the open market for over Rs 6.40bn (US$157.4m).
HeidelbergCement Q1 net rises to EUR119m on growth in Europe
HeidelbergCement AG said first-quarter net profit rose to EUR119m from EUR37m in the same period last year as business improved significantly in Europe and Central Asia, thanks to the mild winter.
Anhui Conch eyes lift from acquisitions
Shares of Anhui Conch Cement, the mainland’s largest maker of the building material, surged 12.79 per cent yesterday after it said its recently approved acquisitions would boost profit eight per
Except for North America, Italcementi has an excellent start to the year
With only North America and Thailand showing lower domestic cement deliveries, Italcementi’s first quarter cement and clinker shipments increased by 7.6% to 15.3Mt.
Kind European winter gives Dyckerhoff strong start
The separately quoted Buzzi Unicem subsidiary Dyckerhoff had a very good start to the year, with volumes well ahead in all countries with the exception of the USA
Kuwait Cement Q1 net profit more than triples
Kuwait Cement posted a first-quarter profit of 15.6 million dinars ($53.96m), up more than threefold from the same period a year earlier.
Binani Cement taps market, India
Binani Cement has entered the capital market with a public issue of 2.05 crore equity shares of Rs. 10 each. The issue is through an offer for sale by JP Morgan Special Situations (Mauritius) Limited.